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10. You retire at age 60 and expect to live another 27 years. On the day you retire, you have $464,900 in your retirement savings
10. You retire at age 60 and expect to live another 27 years. On the day you retire, you have $464,900 in your retirement savings account. You are conservative and expect to earn 14.5% on your money during your retirement. How much can you withdraw from your Jretirement savings each month if you plan to die on the day you spend your last penny
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Handbook Of Asset And Liability Management Volume 2
Authors: S. A. Zenios, W. T. Ziemba
1st Edition
0444528024, 978-0444528025
